Form 4: City Holding Co. CEO Charles Hageboeck Acquires Shares and Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Charles Hageboeck, President & CEO of City Holding Co., reports acquisition of shares through performance share units and 401(k) plan, along with adjustments to restricted stock units.
Summary
- Charles Hageboeck, the President & CEO of City Holding Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 27, 2025, Hageboeck acquired 7,485 shares of common stock for no consideration, resulting from the satisfaction of performance criteria related to performance share units.
- He also indirectly owns 2,077.7425 shares through the company's 401(k) Plan & Trust, as of the plan valuation date of December 31, 2024.
- The report also details his holdings of restricted stock units, which vest in tranches over several years, with varying vesting schedules.
- He directly holds 671 restricted stock units vesting from February 2022 to February 2024, 1,330 units vesting from February 2023 to February 2025, 1,565 units vesting from February 2024 to February 2026, and 1,627 units vesting from February 2025 to February 2027.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The acquisition of shares based on performance could be seen as slightly positive.
Positives
- The acquisition of shares due to performance criteria being met suggests positive performance of the company, leading to the vesting of performance share units.
Future Outlook
The document does not contain any explicit forward-looking statements, but the vesting schedules of the restricted stock units extend to February 2027.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's continued investment in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | 401(k) Plan & Trust valuation date |
| 02/27/2025 | Date of common stock acquisition |
| 02/28/2025 | Date of signature |
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